Pune, India - December 24, 2018 /MarketersMedia/ — This report focuses on the global Mobile Payments status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Payments development in United States, Europe and China.

Mobile payments are referred to the transactions that is performed through mobile device instead of paying through cash, checks, or physical credit cards.
The mobile payment market is in its maturity phase and is expected to grow at a CAGR of 33.8% during the forecast period. Increase is penetration of smartphones, growth in m-commerce industry, and rise in adoption of mobile payment in emerging economies drive the growth of the mobile payment market."
Adoption of advanced technologies like near field communications (NFC) is making it more popular. NFC enables users to establish a connection between two electronic devices like smartphones by just bring them close to each other.
Mobile payments market in Asia Pacific region is expected to show a positive growth over the forecast period owing to factors such as improved technologies like NFC, wearable devices etc.
In 2017, the global Mobile Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.